Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-09-25
An UNSETTLED POINT.
The Conference Between the President
and Secretary FairchiId the Sub
jact Of Much Speculation.
The Situation Net Serieus. but Re-
ispse is EXp?cted-No Decision Re.
gsrd!ng an Extra Session.
Secretary Whitney Pleased with the ResuIs
CT Fhe Recent Experiment with
the New Dynamite Gun.

CT the Recent Experiment with
the New Dynamite Gun.
TIE FINANCIAL POLICY.
Special to the Gazette.
WASHINGTON, Sept. 24.-Secretary
Fairchlid's return on Thursday night
from Stockhridge, Mass, was surprise
to many, but it is now said ne was tele-
graphed tor to discuss TIE ACCESSIBILITY Of
calling 81 ezra session Of Congress in
November. The conference betwe en- the
President and Secretary yesterday was
the subject OF much speculation. Those
persons whose relations with the Presi-
dent and Secretary ere we'll known, say
that the subject discussed by the Two
was the future policy Of
the treasury and its dealings with Wall
street. There is faint suspicion that
when he $I4 900, coo of bonds are Dur-
chased a greater stringency will occur, as
the banks now selling are reinyesttrg in
4'a, which are just at this time dull On
the market. q well known banker stated
today that he had sold the government
$4,000 worth OF AIS, and that he intend
Ell TO put the proceeds With
that much more into Ps when
he predicted would go up several points
il the next thirty days. Secretary Fair
child refused to say anything about the
future policy to be pursued by the depart
ment, and will not venture an opinion SIS
to whether the 100000 will be paid
out before the expiration OF the time
specified in the circular issued with his
approval by Acting Secretary Thompson.
His actions aGd conversations indicated
that he did net thiuk he situation very
critical, but it was evident he expects >
relapse, He is well satisfied with the
manner IN which the department has been
controlled during his absence. lie intends
to 60 over TO New York to witness the
international yacht race, but expects to
return TO Washington oy the end Of next
week and remain here during the Presi-
dents absence On his western and south
ern trip.
NOT YET DECIDED.
The few congressman in the city seem
to have anything but decided opinion 90
the subject Of On eX.ra session, and the
TACT Of the matter is, that the events Of
the next few days Will largely determine
the President GRE way or the
other. Should this stringency
Id the money market continue, the PROB
abilities are Mr.. Cleveland will cell gu
extra session for the latter part Of Octo-
Der.
ADMIRAL LUCE RETAINED.
Admiral Luce in bis reply to Secretary
Whitney's letter is both frank and hon
est. He makes plain his acton in the
fishery matter and tells why he submitted
list CT queries to Captain Scott of the
Canadian fishery service. He dlsavows
any intention OF tTeepassing on the au-
thoriiy of the State Department, and says
that as TO the replies OF Captain Scott, he
did not assume any responsibility
for their correctness or give
them in any way his
assent or sanction. He expresses his
thanks for the cordial terms in which the
Secretary indicated his appreciation of his
motives, and in conclusion says he is
ready st any time to relinquish his COM
msnd or to retain it as may be thought
best for the public service. The CORE
spondeuce on the subject hiss been closed.
The Secretary is satisfied with Admiral
Luce, 6nd says he snail retain his present
command. He pays this neat compliment
to the much Injured admiral: "Your
handling of the squadron at sea and the
practice in the tactics and in fleet move
ments which you have given your officers
during the last year are especially to be
commended"
READY TO WHIP TIE UNIVERSE.
WASHINGTON, Sept. 24.-Secre tary
Whitney is pleased with the result of the
dynamite gun experiment. He said YES
tegday. The experiment W8s most success
ful. Seeiug is believing, and | wished TO
see something actually done. have been
ilcredulous, but l confess that I was
greatly impressed with the power Of the
explosion. The vessel was lifted up bodily
and then went out Of sight instantly. The
resistance of that target was evidently
no measure OF the power Of the projsc
tile. 1t demonstrated this, that they can
lodge dynamite in destructive quantities
a mile and quarter off with considerable
accuracy and it Is matter OF detail merely
to increase the range of the gun and the
quantity OF the explosive SO as to
render 1t capable OF destroying the strong
est iron clads. II avoids the present
contest between torpedoes and machine
guns. The method now employed for
using high explosives is IN tCrpedoes
1Oi pSdCSS are IuSI Will iIaCulU6 8uIS
and steel netting placed about the
ship, but this pneumatic gun is o new
method of attack. Taking its range and
the line Of fight OF the pr0iecsile, it is
difficult to say how it can be met. For
coast defense it seems to be the most i'm
portent arm vet invented. It's usefulness
on ships is yet to be established, but It's
importance in general naval warfare es
an arm cannot be overestimated.
INCREASED IMMIGRATION.
WASHINGTON, Sept 24.-The Bureau
OF Statistics reports that TOR eight months
of the current year to September l, the
number Of Immigrants landed in this
country was G62, $3.50, against 25+ ,679 dur
ing the corresponding part of las. yesr.
BONDS PURCHASED.
WAsHINGToN,,Sept 24-Tbe aggregate
amount OF bonds purchased by the Trees
urY to-day WAS $780, $50, including
S522, $50 Is and sI37,770 As.
MADRID NEWSPAPERS UNSUPPORTED.
WASHINGTON, SsPc. 2+-The govern
ment Organs IN Msdrid which deny tha.
the convention between the United States
and Spain euspending discrimination
duties has been signed in Washington aTe
mfsintormed. The document was signed
5y the Secretary OF State and the Spanish
Minister last Wednesday. The procIa-
nation OF the President, putting it into
effect, will be issued early next week.
TEXAS PENSIONS.
Special to the Gazette.
WASHINGTON, Sept. The following